Ad ID: 101736

Retail and Office Block for Sale Lower Hutt Wellington

Enquire about this "Retail and Office Block for Sale Lower Hutt Wellington" property on nzcommercial

Retail - Stable Investment in Dominant Prime Position

Location:
245-251 High Street
Lower Hutt
Wellington
Asking:
Deadline Sale
Area (m2):
1242.00

Commercial Property for Sale Description

Retail and Office Block for Sale Lower Hutt Wellington 245-251 High Street

245-251 High Street, Lower Hutt, a two-storey retail and office commercial block at the northern end of High Street offers discerning investors exactly what they are seeking in a stable commercial investment.

The premises consist of three separate Ground Floor retail tenancies and three further office tenancies on the First Floor. With all tenancies being fully tenanted, it provides a secure income stream for any investor looking to strengthen their portfolio.

Key investment highlights of the building are:
o NLA: 1,242sqm
o 935sqm freehold site
o Multiple, fully-tenanted tenancies
o Sought after location
o Dominant corner site, with high profile
o 75% NBS (strengthened in 2017)
o Recently painted exterior
o Natural light from all sides
o Secure income stream
o Ease of management
o Excellent growth prospects
o Low maintenance
o Market yield

245 - 251 High Street, Lower Hutt is being offered for sale by Deadline Private Treaty, closing Wednesday 7th July at 4.00pm. CBRE strongly recommends your early consideration of this stable commercial investment and encourages interested parties to get in touch without delay.

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For more info
Contact: Gary Hansen

Gary Hansen

021 211 1754 or 04 474 9862
CBRE - Wellington
Licensed REAA 2008
Broker Ref: 1325551Q2

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